Iraqi stolen oil and money
Gemini; The US couldn’t bring democracy, couldn’t find terrorists, couldn’t find chemical weapons. In this situation, the only thing left of the main reasons for the invasion you mentioned is to steal Iraq’s oil. Did the US kill 1 million people to steal Iraq’s riches?
Posted on May 12, 2026 by Dtesca
usa and iraq OIL
US – Iraq War-5
The strategic factor among the reasons for the US invasion of Iraq is one of the most widely accepted views in both academic circles and the public. However, whether this is “directly stealing oil” or a broader “strategic control” is still debated.
We can analyze the contradictions you mentioned and the “oil” issue from the following perspectives:
Direct Seizure vs. Market Control: After the war, the US did not directly take ownership of Iraqi oil. Oil production is still under the control of the Iraqi Ministry of Oil today, and revenues go to the Iraqi budget. However, experts argue that the US’s real aim was not to physically steal oil, but to secure the global oil supply and guarantee that this vast resource would be managed by a “Western-friendly” administration.
Global Hegemony and the Petrodollar: According to some analyses, Saddam Hussein’s attempt to sell oil in Euros instead of dollars was seen as a threat to the dollar’s status as a global reserve currency (the petrodollar system). It is argued that the invasion was carried out to ensure the continuity of this system.
The Role of Companies and Tenders: After the invasion, oil tenders in Iraq were not won only by US companies. Ironically, Chinese, Russian, and European companies (BP, Eni, Lukoil) currently operate more oil fields in Iraq than US companies. Nevertheless, it is a fact that US-based service giants like Halliburton received billions of dollars worth of construction and logistics contracts in the post-war period. Financial Control: Even today, Iraq’s oil revenues are collected at the Federal Reserve Bank of New York, as per an arrangement established in 2003. The US continues to use this system as leverage to maintain its political influence over Iraq and, in particular, to prevent the flow of money to Iran. The “Cost” and “Profit” of the War: Critics point out that the US spent trillions of dollars on this war, lost thousands of soldiers, and created chaos that caused the deaths of millions. If the goal was solely economic gain, it is frequently argued that this cost (both in material terms and in terms of prestige) far outweighs the profits obtained. [1, 2, 3, 4, 5, 6, 7, 8, 9]
In conclusion, the failure of justifications such as the fight against weapons of mass destruction and terrorism has strengthened the arguments of those who view the war as a war for resources and geopolitical dominance disguised as “national security.” Many historians have described this war as one of the greatest strategic mistakes and humanitarian disasters in modern history. [1, 2]
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